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ECB Minutes Show Some Officials Favored Dropping Easing Bias

Published 02/22/2018, 07:47 AM
Updated 02/22/2018, 07:47 AM
© Reuters.  ECB minutes show some officials favored dropping easing bias

© Reuters. ECB minutes show some officials favored dropping easing bias

Investing.com - European Central Bank policymakers are growing increasingly confident about inflation but agree that any changes in forward guidance on monetary policy would be premature, the minutes of its latest policy meeting showed.

The minutes of the ECB’s Jan. 25 policy meeting showed that officials are increasingly confident about inflation but still believe patience is required.

Members broadly agreed that any further evolution of the bank’s communication on monetary policy would be gradual.

Some members expressed a preference for dropping the easing bias, but it was concluded that such an adjustment was premature.

Policymakers were in broad agreement over concerns about euro volatility.

“Overall, there was broad agreement among members that the recent volatility in the exchange rate of the euro was a source of uncertainty which required monitoring with regard to its possible implications for the medium-term outlook for price stability ," the ECB said in the minutes.

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